The U.S. government is threatening to file civil securities fraud charges against SAC Capital Advisors and is tightening the regulatory screws around Steven A. Cohen, the $14 billion hedge fund's founder and one of the industry's most famous traders.
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Fast Retailing Buys 80.1% Stake in J Brand to Grow U.S. Presence
Leading Japanese retail holding company Fast Retailing has decided to buy an 80.1 percent stake in U.S. denim maker J Brand Holdings from Star Avenue Capital and J Brand management for a total consideration of $290 million.
UPS, TNT initiate Remedial Steps to Actualize Merger Plan
The world's biggest package-delivery company United Parcel Service Inc. (UPS), is reviewing its $6.7 billion purchase of TNT Express NV to ensure compliance with the anti-trust regulations in European Union. UPS would have doubled its size in Europe with the buyout.
Boeing Proposes Mediation in Talks with Engineers Union
Boeing Co on Thursday asked for the aid of a federal mediator in contract talks with the union that represents its engineers, citing significant differences on pay and benefits.
JP Morgan Looks to Brazil Government for Business
JPMorgan Chase & Co sees a strong government presence in Brazil as a source for new business leads, a senior banker said on Thursday, highlighting the growing clout of the nation's public sector as an investment-banking client.
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Family networking and genealogy website MyHeritage said it bought rival Geni.com as it continues to expand into the United States.
The U.S. Justice Department should investigate whether oil refineries created a perceived shortage of gasoline supply in May and October of this year when West Coast prices spiked to record highs, six Democratic senators said on Tuesday.
Long-time suitor ConAgra Foods Inc finally sealed a deal to buy private-label foods maker Ralcorp Holdings Inc for $5 billion, to tap into the booming business for packaged food that stores sell under their own brands.
The Congress advanced by inches on Tuesday toward compromise on taxes and spending, but a firm deal to avert the "fiscal cliff" at the end of the year still seemed miles away, despite growing pressure from business interests for action.
Canadian private equity firm Onex Corp will buy USI, one of the largest providers of insurance brokerage services in the United States, from Goldman Sachs Group Inc's GS Capital Partners private equity fund for $2.3 billion.
French cosmetics maker L'Oreal acquired U.S. make-up brand Urban Decay from private equity firm Castanea Partners as part of an effort to reach more upscale young consumers.
The McGraw-Hill Companies Inc has found a buyer for its textbook business, a unit that once steadied its results against the ups and downs of financial markets faced by its Standard & Poor's rating agency.
Hewlett-Packard Co on Tuesday took a massive $5 billion charge, claiming a raft of improprieties, misrepresentation and disclosure failures at software firm Autonomy, which it acquired last October for $11.1 billion.
Credit Suisse said on Tuesday its private banking arm would swallow its smaller asset management unit to cut costs and announced a management shake-up that raises the profile of those jockeying to succeed its beleaguered chief executive.
